Getting a green card in America is a very challenging task, but if you have money then you will not face much problem. The reason for this is that a special program is run in America to give Green Card. It's called the EB-5 (Investment-Based Green Card) program. In recent times, some people have taken wrong advantage of this program, about which the American government has now become alert and has taken a big decision regarding it.
The U.S. Citizenship and Immigration Services (USCIS) has updated its policy manual for the EB-5 (Investment-Based Green Card) program. This has been done so that 'good faith' investors can be protected. The EB-5 program is known as a program to obtain a green card through investment. This program is very popular among Indians. Indians living on H-1B visa take the help of this program to get permanent residence in America soon.
Green card not received even after investment
In fact, applicants have to wait for decades for employment-based green cards. For this reason, high net worth people get green cards through the EB-5 program in America. But many such cases have come to light, where despite investing a good amount of money, investors have not only lost their investment money but have also lost the hope of getting a green card. Notices have been issued to the regional centers involved in issuing green cards for not depositing the investment money in the Integrity Fund.
PressNews24 provides latest news, bollywood news, breaking news hollywood, top tech news, business standard news, indian economy news, world economy news, travel news, mumbai news, latest news mumbai loksabha election 2024, video viral news, delhi news, Only at PressNews24.in
There have been many cases where regional centers have not deposited money in the Integrity Fund, due to which investors have lost money. Keeping all these things in mind, now the US government is going to issue guidelines regarding 'good faith' investors. Let us tell you that under the EB-5 program, investors are given a green card after investing 8 lakh dollars i.e. about 10 lakh dollars. The purpose of this program is to create employment for American citizens in rural or backward areas of America.
What steps has the government taken regarding Green Card?
Measures to increase transparency and compliance have been introduced through the 'EB-5 Reform and Integrity Act, 2022'. This is being done to protect credible investors who want to obtain a green card by following the rules of the EB-5 program. The government wants that no investor should lose the opportunity to obtain a green card due to irregularities at the regional centers or agents.
USCIS's policy update is protecting investors. It says that if the US government dismisses the regional center or the company in which the investment was made, it is thrown out of the EB-5 program. Even in such circumstances the investor will be considered eligible for green card. In this way, those Indians who become victims of fraud in the name of Green Card are also going to benefit.
Also, USCIS has clarified that if an investor knew that the agent was committing fraud, he or she is dismissed from the visa program. He or she can no longer avail benefits under section 203(b)(5)(M) of the Immigration and Nationality Act (INA). No exemption will be given to him even if he knows that the agent is committing fraud but still does not complain about it.
